US majors ExxonMobil and Chevron return second-best performances in 10 years boosted by Permian and LNG
US majors ExxonMobil Corp. and Chevron Corp. recorded their second-largest annual profits in 10 years as oil and natural gas production increased and Chevron shipped record LNG cargoes from Australia even amid work stoppages.
Latest mega-deal in US oil and gas sees Chevron agreeing to take over Hess Corp. in $53Bln transaction
Chevron Corp. has agreed to acquire US energy company Hess Corp in an all-stock transaction valued at $53 billion and is the second huge American merger and acquisitions deal in October 2023 after ExxonMobil’s agreement to acquire Texas-based Pioneer Natural Resources for $59.5Bln with both takeovers having a focus on US shale oil and gas assets.
Chevron says Mike Wirth to stay as CEO as Permian Basin output hits record and solid LNG performance expected
Chevron Corp., the oil and gas major and leading LNG producer, said the mandatory retirement age for President and Chief Executive Mike Wirth had been waived by the company and he would be staying on as Chevron also provided a preview of likely second-quarter earnings.
Chevron explains earnings targets and moves to adapt LNG strategy with more Atlantic Basin activities
Chevron Corp., the US major with liquefied natural gas projects in nations such as Australia and mainly supplying the Asia-Pacific region, said events in Europe meant a gradual change in strategy to increase LNG activities in the Atlantic Basin, including the East Mediterranean.
Chevron earnings soar and CEO comments on East Med LNG prospects and Australian plant maintenance
Chevron Corp., the LNG operator in Australia and Africa, reported a more than four-fold jump in first-quarter earnings of $6.3 billion compared with $1.4Bln in the first three months of 2021 as more revenues came from LNG plants in Australia and Africa.
Chevron expects even better 2022 led by Permian Basin and Australian LNG after stellar earnings performance
Chevron Corp. expects 2022 it be better than last year with improving Permian Basin activities and steady flows of cargoes from the US major’s two operated liquefied natural gas plants in Western Australia as the company also addressed LNG futures trading and other issues.
Chevron earnings hit eight-year high as CFO Breber gives LNG overview and winter cargo expectations
US major Chevron Corp., a key operator of LNG export plants in Australia and Africa, reported third-quarter earnings of $6.1 billion, the highest in more than eight years and expressed optimism over natural gas markets and future LNG operations.
Chevron earnings drop 60 percent as analysts hear latest on Gorgon LNG and spot market activities
Chevron Corp., the US major with liquefied natural gas stakes in Western Australia and Angola, reported a drop in earnings in the first quarter of over 60 percent and has outlined its repair and maintenance schedule for the Australian LNG processing Trains.
Chevron outlines Australia LNG plans and discloses impact on Permian of US oil and gas restrictions
Chevron Corp., one of the leading global liquefied natural gas operators, will have continued lower output at the Gorgon and Wheatstone LNG plants in early 2021 and explained plans for the Permian Basin in Texas in the light of the new US regime for curtailment of the oil and gas industry by means of executive orders.
Chevron to restart Gorgon LNG Train 2 by end of November and is pleased with Noble East Med assets
Chevron Corp. expects to resume LNG production by the end of November at Train 2 of the Gorgon liquefaction and export plant it operates on Barrow Island in Western Australia, while it was pleased with the completion of its acquistion of Noble Energy and its East Mediterranean naural gas assets.
